Yuan Poised to Challenge Dollar's Reserve Status, Not Crypto, Says Economist
Yuan Poised to Challenge Dollar's Reserve Status, Not Crypto, Says Economist
Harvard economist Kenneth Rogoff predicts the Chinese yuan will become a global reserve currency within five years, driven by President Xi Jinping's internationalization efforts and investors seeking diversification from the US dollar. Rogoff explicitly states that cryptocurrencies will not be the primary challenger to the dollar's dominance.
Harvard economist Kenneth Rogoff believes the Chinese yuan will become a global reserve currency within five years. He argues that President Xi Jinping’s explicit call for yuan internationalization marks a turning point. Rogoff says investors worldwide are desperate to diversify away from the US dollar, making China’s push well-timed. China’s Path to Reserve Status In
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